Arizona Metals (CVE:AMC) Shares Up 3.1% – Still a Buy?

Arizona Metals Corp. (CVE:AMC)’s share price traded up 3.1% on Wednesday . The stock traded as high as C$4.05 and last traded at C$3.99. 56,916 shares traded hands during trading, a decline of 69% from the average session volume of 186,441 shares. The stock had previously closed at C$3.87.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AMC shares. National Bankshares dropped their price objective on shares of Arizona Metals from C$4.00 to C$3.75 and set an “outperform” rating for the company in a report on Monday, December 30th. BMO Capital Markets dropped their price target on Arizona Metals from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research note on Monday, December 23rd.

Arizona Metals Price Performance

The stock has a market capitalization of C$446.17 million and a PE ratio of -16.49. The firm’s 50 day simple moving average is C$3.99 and its 200 day simple moving average is C$3.99.

Insider Buying and Selling at Arizona Metals

In other Arizona Metals news, Director Rickard David Vernon sold 23,253 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of C$1.37, for a total transaction of C$31,856.61.

Arizona Metals Company Profile

Arizona Metals Corp. operates as a mineral exploration company. The company primarily explores for copper, gold, zinc, and silver deposits. It owns 100% interests in the Kay mine project, which consists of approximately 1,300 acres of patented and BLM claims located in Yavapai County, Arizona; and the Sugarloaf Peak Gold project that comprises 4,400 acres of BLM claims situated in La Paz County, Arizona.